HILLIARD, Ohio (AP) _ Advanced Drainage Systems Inc. (WMS) on Thursday reported fiscal fourth-quarter profit of $2.3 million.

The Hilliard, Ohio-based company said it had net income of 1 cent per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The maker of water drainage systems and pipes posted revenue of $370.8 million in the period.

For the year, the company reported a loss of $193.2 million, or $3.21 per share, swinging to a loss in the period. Revenue was reported as $1.67 billion.

Advanced Drainage shares have climbed 8% since the beginning of the year. The stock has climbed 55% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMS at https://www.zacks.com/ap/WMS

Automated Insights, source Associated Press News